Delta Financial Advisors LLC Acquires 46 Shares of Costco Wholesale Co. (NASDAQ:COST)

Delta Financial Advisors LLC grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,418 shares of the retailer’s stock after buying an additional 46 shares during the period. Costco Wholesale accounts for about 1.5% of Delta Financial Advisors LLC’s investment portfolio, making the stock its 15th largest position. Delta Financial Advisors LLC’s holdings in Costco Wholesale were worth $3,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Frank Rimerman Advisors LLC bought a new position in Costco Wholesale during the fourth quarter valued at approximately $26,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the 1st quarter worth approximately $32,000. Vima LLC bought a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $34,000. DSM Capital Partners LLC purchased a new position in shares of Costco Wholesale in the fourth quarter valued at $36,000. Finally, Financial Connections Group Inc. increased its position in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In related news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the sale, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the transaction, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan L. Decker sold 620 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now directly owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Insiders sold 4,974 shares of company stock valued at $4,252,856 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on COST shares. DA Davidson reissued a “neutral” rating and issued a $780.00 price objective on shares of Costco Wholesale in a research note on Friday. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday. Truist Financial raised their price objective on Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Deutsche Bank Aktiengesellschaft boosted their target price on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Evercore ISI raised their price target on Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $828.73.

Costco Wholesale Stock Down 1.0 %

Shares of Costco Wholesale stock opened at $876.68 on Friday. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $918.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The stock has a market cap of $388.66 billion, a price-to-earnings ratio of 54.32, a PEG ratio of 5.98 and a beta of 0.80. The firm’s 50-day moving average is $857.45 and its two-hundred day moving average is $800.19.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s payout ratio is 28.75%.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.